The outlook for Canadian small businesses is bright. Competition is fierce in many industries, and it’s crucial for small businesses in every niche to differentiate themselves to stay ahead of their competition and continue to grow and succeed.
Sometimes, your business needs an infusion of working capital to improve or expand. Government grants are available, but they are often restricted to specific industries or certain regions of the country. Loans from traditional lenders can also be difficult to obtain—the application process can take months and requires extensive paperwork, all with no guarantee of approval. In the meantime, opportunities to grow your business can quickly melt away while you wait.